# Corporation Tax Act 2010, Section 357NB: Profit imputed to Northern Ireland back-office activities


(1) To determine for the purposes of section 357NA(3) the Northern Ireland back-office profits of the trade for the accounting period, take the following steps—
Step 1 Multiply each Northern Ireland back-office deduction by the relevant percentage.
Step 2 Add together each amount calculated under step 1.
(2) In subsection (1)—
“Northern Ireland back-office deduction” means a deduction—
(a)to which the company is entitled in calculating the profits of the trade for the period, and
(b)which is in respect of back-office activities carried on in Northern Ireland;
“the relevant percentage” means 5%.
(3) The Treasury may by regulations amend subsection (2) so as to substitute a different percentage for the percentage for the time being specified there.
(4) Regulations under this section—
(a) may make different provision for different purposes (including, in particular, different trades or different back-office activities);
(b) may make incidental, supplemental, consequential and transitional provision and savings.

---
Source: https://www.legislation.gov.uk/ukpga/2010/4/section/357NB (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-357NB
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.